JPMorgan invests in fixed-income data startup
N) has made a strategic investment in Mosaic Smart Data, a company that has developed technology to help banks make their fixed-income sales and trading businesses more profitable. The bank, whose fixed-income revenue slumped last year, has taken a minority stake in the London-based startup, the companies said in London on Wednesday. Mosaic sells technology that collects and analyzes data from the fixed-income trading divisions of banks to help them make more informed decisions and secure more deals. Banks have also been looking for ways to deal with a liquidity crunch in fixed-income markets.